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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

SKF opens SEK 50M magnetic bearing plant in Tangier, Morocco · Endata

◂ Announcements

Industrial Machineryworld trade 2024+4.5% 5Y CAGR

Electrical Equipmentworld trade 2024+7.2% 5Y CAGR

May 22, 2023NEW FACILITYTangier, Morocco

SKF opens SEK 50M magnetic bearing plant in Tangier, Morocco

SKF is investing SEK 50 million in a new manufacturing site in Tangier, Morocco, to produce magnetic bearings for turbomachinery and high-speed applications. Operations are set to ramp up in the second quarter of 2023.

Value

$4.70M (50.0M SEK)

Status

Under construction

Productsmagnetic bearingsmagnetic bearing systems

CompaniesSKF

Sectors#Industrial Machinery #Electrical Equipment

“SKF is increasing its technical and manufacturing capabilities within magnetic bearings through an investment totaling SEK 50 million in a new manufacturing site in Tangier, Morocco.”e-powertechnology.com

1 source
e-powertechnology.comSKF and Wolong Expand Magnetic Bearing & Levitation Motors Businesses – E-Power TechnologyMay 22, 2023

Summarized from public sources; check the original articles before acting on it.

More from SKF

Jul 12, 2023ACQUISITIONGermany
SKF agrees to divest Spandau Pumpen coolant pump business to EBARA Pumps Europe
EBARA Corporation partner Ebara Pumps Europe acquirer prnewswire.com ebaraeurope.com advant-beiten.com
May 17, 2023PARTNERSHIP
SKF and Wolong sign MoU on magnetic bearings and levitation motors
SKF partner Wolong Electric Group partner e-powertechnology.com
Sep 24, 2020CLOSUREAvon, Ohio and North Charleston, South Carolina, United States-115 jobs
SKF to close Avon, Ohio and North Charleston plants, cutting about 115 jobs
SKF pumpsandsystems.com
Sep 24, 2020EXPANSIONMexico$23.0M
SKF invests $23M to localize tapered roller bearing production in Mexico
SKF pumpsandsystems.com
Sep 24, 2020EXPANSIONSumter, South Carolina, United States$28.0M
SKF invests $28M to expand and automate Sumter, South Carolina plant
SKF pumpsandsystems.com
Apr 26, 2019NEW FACILITYChangshan, China$21.0M
PEER Bearing moves tapered roller bearing production to new SKF-built plant in Changshan, China
PEER Bearing SKF investor newswire.com

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